TaxSlayer and TurboTax are close competitors, but as with H&R Block, the main difference is in the pricing. Both offer free versions, though TurboTax’s free system is more robust and offers more credits. TaxSlayer and TurboTax also both offer free filing for military members. TurboTax stacks up well against its competition but is also a bit more expensive. Here’s what you need to know about how Turbotax compares to other tax software products on the market.
- While it’s more expensive than other tax-prep software, TurboTax is worth the price for anyone who wants a simple Q&A format that walks them through the entire process.
- All features, services, support, prices, offers, terms and conditions are subject to change without notice.
- She spent more than a decade at PC World and TechHive, and she has freelanced for numerous publications including Computer Shopper, TechRadar and Consumers Digest.
- We guarantee your taxes are done 100% right, getting you every dollar you deserve.When you connect live with an expert, you’ll see their specific credentials.
- Like the other Live products, TurboTax Live Assisted Premium hooks you up with expert help and assistance while you work through the program, and it also has a tax expert review everything before filing.
The time it takes to prepare your return depends on the complexity of your taxes, your availability, seasonal peak days for tax preparation, and how busy our experts are. Our goal is to get your taxes done with as little waiting as possible. When you’re ready to start, we’re ready to take taxes off your plate. We use information about your tax situation to match you with an expert who has experience with taxes like yours. During the process, they’ll also learn more about your unique situation so they can make sure your taxes are 100% correct before filing.
H&R Block do-it-yourself options
The call starts by phone, and then you can initiate one-way live video or screen sharing. TurboTax Live is available year-round to ask tax pros questions. If you upgrade to Live Full Service, you get matched with a tax pro based on the complexity of your return, and this year going forward you will be able to interface with that same pro if you’d like. TurboTax Live Basic includes all of the things found in TurboTax Free and works for the same simple tax situations, including those with W-2 income and a few other tax forms to report. Our software allows you to securely upload your tax documents to our system so they’re available to your tax expert. You may be able to import them directly from your employer or your financial institutions, or you can snap photos of the documents and upload them to TurboTax.
Using commercially available tax software will ease tax preparation for many Americans. If you’re an individual looking to file your taxes online, you may be wondering whether one of the biggest products out there, Intuit’s TurboTax, is right for you. TurboTax allows you to navigate your federal return via four floating tabs — Income & Expenses, Deductions features of turbotax deluxe program & Credits, Other Tax Situations, and Federal Review. You can complete these in order, or jump around as you’d like. When you reach the end, TurboTax alerts you to missing information before you file, or you can choose to have a tax pro review your return. If you are expecting a refund, you can track the status of your refund at Intuit’s Credit Karma.
TurboTax Premium review
A TurboTax product specialist can help you, and even draw on your screen to help you get your taxes done. We do our best to match you with the right expert based on the nature of your question. Your tax expert will also have read-only access to your tax return so they can better understand your situation. You also have the option to share your tax documents with your tax expert, if needed.
SmartAsset Advisors, LLC (“SmartAsset”), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. SmartAsset does not review the ongoing performance of any RIA/IAR, participate in the management of any user’s account by an RIA/IAR or provide advice regarding specific investments. It shares all of the features of TurboTax Deluxe, meaning that it lets you itemize your taxes and take below-the-line credits.
The Strengths of TurboTax Deluxe
Use TurboTax Deluxe if you make your money through W-2 employment and intend to take line-item deductions instead of the standard deduction. Atop the screen sits the global navigation bar, with buttons for accessing notifications, search, virtual assistant help, and live tax advice. The latter leads to the upgrade for TurboTax Live Assisted, or to the TurboTax Live expert if you’ve already upgraded. TurboTax also shows an update of your federal and state refunds in the top nav, but you can hide this info. The service has a left-hand navigation pane for your tax home, Documents, and top-level navigation for the different components of your tax return (personal info, Federal, State, review, and file). Filing taxes can be a messy and complicated task, and can get costly if you are eligible for one of the free filing options.
With Live Full Service, we’ll start by asking you questions about your tax situation. This can be done online, or with the help of a live tax preparation assistant. We’ll use what you tell us to match you with a tax expert who understands your unique situation, has relevant expertise, and is local to your state (where available). TurboTax offers some of the best tax preparation software on the market.
Tax day 2024 is not until Mon, Apr 15, 2024, and also right around the corner. The luxury of time doesn’t mean you should wait until the last minute to figure out how you’re going to file your 2023 taxes—especially when you can save some money if you plan ahead. TurboTax Advantage is an annual subscription which includes your TurboTax Desktop software, plus exclusive benefits at no additional cost. In our TurboTax’s Deluxe vs. Premier comparison, we analyzed different features offered by both versions. Even though the Premier version is better than the Deluxe, it is slightly costly. TurboTax also offers an Accurate Calculation Guarantee, but it gets voided if you fill the forms without the TurboTax interface’s guidance.